A casino featured in the James Bond film Dr No has sued a Chinese tycoon to recover £ 10million after the checks he cashed were bounced.
Yu Songbo spent £ 19million on gambling chips in just five days at the exclusive Ambassadors club on Park Lane in London, it was revealed yesterday.
The casino, which also featured in the Beatles film A Hard Day’s Night, wants the High Court to force Yu Songbo to pay off an unpaid debt of £ 10million.
He requested a worldwide freezing order on his assets while he recovered the money.
Mr Yu, a real estate developer from Zhoushan, east China, bought Grade I listed Brocket Hall in Hertfordshire and is said to have been one of China’s 150 richest people once.
Casino featured in James Bond film Dr No sued Chinese tycoon Yu Sangbo to recover £ 10million after checks he cashed were bounced
He spent £ 19million on gambling chips in just five days at the exclusive Ambassadors club on Park Lane in London, it was revealed yesterday.
His family had an estimated fortune of £ 1 billion in 2014 when he became a member of the Ambassadors.
The High Court has learned that he cashed £ 19million checks at the casino between April 27 and May 1, 2018 to purchase gambling chips.
In a ruling yesterday, the court said all checks were “subsequently refused.”
After the casino served him with legal action through the Chinese messaging app WeChat, he reduced the debt to £ 6.54million.
But his payments stopped in December 2019, we learned in court.
Lawyers for the casino said he heard nothing other than a Lunar New Year greeting a month later.
At Dr No’s Ambassadors club, star Sean Connery (pictured) delivered his immortal introduction for the first time
A judge ruled he was owed £ 10million, including court fees and interest, but dismissed his request for a comprehensive freeze order, saying there was not enough evidence that Mr. Yu would hide his assets to avoid repaying the debt.
Yesterday, the Court of Appeal also dismissed the order. A three-judge panel of the appeals court said there was “undoubtedly evidence that Mr. Yu was not inclined to pay his gambling debts voluntarily.”
But they added, “There was no evidence that Mr. Yu ever took steps to put his assets out of reach of creditors. “
The Ambassadors had previously taken legal action against Sheikh Salah Hamdan Albluewi, president of a Saudi construction and real estate empire, for claiming a debt of £ 2million by sending 17 bad checks.
A comprehensive freezing order imposed on his assets was lifted last year.